Question $27$

$4$ pts

A plan amendment was passed in the current year resulting in $$30$ million of prior service cost. Which of the following is true regarding how these costs will be recorded?

Pension expense will increase by $$30$ milion.

The Projected Benefit Obligation $($PBO$)$ will decrease by $$30$ million.

Cash will decrease by $$30$ million.

The balance in Accumulated Other Comprehensive Income $($AOCI$)$ related to prior service will increase by $$30$ million.